Funding arb · Price arb /

AAPL

RWAall AAPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h −0.003%

Price spread now: QFEX against Variational Omni−0.025%7-day average −0.047% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.002%$0 on $10k

Price spread, last 7 days+0.008%+$1 · spread now −0.025%, 7d avg −0.047%

Together, before fees+0.010%+ Points / potential airdropVariational Omni: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and QFEX is 0.022% dearer against Variational Omni than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AAPL	340.04	0	get 0.0000% / 8h	7h 12m	$2.5M	$1.2M	—
Short	QFEX AAPL-USD	339.95	0.0010	get 0.0001% / 1h	12m 50s	$3.3M	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee QFEXbpOrdersPrice spread, now −0.025%Rate

Funding earned: $2.02
Price spread: −0.025% → −0.047%: $2.2
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$5.78
Costs to cover: 0.100%
Break-even: 27.1 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; QFEX: live order book, 11 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 1 min ago	2.03 bp	doesn't fit	6.0 bp −$60	doesn't fit	doesn't fit
Sell QFEX live order book, 11 min ago	1.03 bp	6.0 bp −$6	6.8 bp −$68	12.0 bp −$1,201	doesn't fit

AAPL on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX AAPLUSDC	−0.0543%	4h	339.97	−0.019%	$81K	$328K	20x	as long as short
Hotstuff AAPL-PERP	−0.0048%	1h	339.89	−0.043%	$36K	—	20x	as long as short
BloFin AAPL-USDT	−0.0028%	8h	340.03	−0.001%	$345K	$166K	20x	as long as short
Nado AAPL-PERP	−0.0019%	1h	339.83	−0.061%	$556K	$35K	20x	as long as short
Aster AAPLUSDT	0.0000%	8h	339.88	−0.045%	$121K	$294K	20x	as long as short
Extended AAPL_24_5-USD	0.0000%	1h	339.95	−0.024%	$286K	$2.1M	10x	as long as short
Binance AAPLUSDT	0.0000%	8h	340.03	−0.001%	$22.2M	$67.2M	25x	as long as short
Bybit AAPLUSDT	0.0000%	8h	340.08	+0.013%	$7.6M	$212.9M	100x	as long as short
OKX AAPL-USDT-SWAP	0.0000%	8h	339.95	−0.025%	$6.3M	$6.9M	25x	as long as short
Gate AAPL_USDT	0.0000%	8h	339.85	−0.054%	$3.0M	$5.9M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAPLUSDT	0.0000%	8h	340.02	−0.004%	$6.2M	$3.5M	100x	as long as short
Variational Omni AAPLlong	0.0000%	8h	340.04	long leg	$2.5M	$1.2M	—
GRVT AAPL_USDT_Perp	0.0000%	8h	339.86	−0.050%	$22K	$345K	10x	as long as short
SunX AAPL-USDT	0.0000%	8h	340.04	+0.001%	$949	$4.3M	20x	as long as short
HTX AAPL-USDT	0.0000%	8h	340.09	+0.016%	$62K	$243K	30x	as long as short
Phemex AAPLUSDT	0.0000%	4h	340.08	+0.013%	$2.1M	$7K	10x	as long as short
QFEX AAPL-USDshort	+0.0010%	1h	339.95	−0.025%	$3.3M	$4.2M	10x
Coinbase International AAPL-PERP-INTX	+0.0024%	1h	339.56	−0.140%	$660K	$653K	10x	as long as short
Lighter AAPL	+0.0032%	1h	339.94	−0.028%	$928K	$2.6M	20x	as long as short
Lighter RH AAPL	+0.0032%	1h	339.92	−0.034%	$986K	$3.3M	20x	as long as short
Arcus AAPL-USD	+0.0040%	1h	339.89	−0.043%	$267K	$60K	20x	as long as short
Vest AAPL-USD-PERP	+0.0046%	1h	339.75	−0.084%	—	$45K	25x	as long as short
tradeXYZ xyz:AAPL	+0.0050%	1h	339.92	−0.034%	$40.4M	$76.7M	20x	as long as short
Polymarket Perps AAPL-USD	+0.0050%	1h	339.88	−0.046%	$279K	$350K	10x	as long as short
SoDEX AAPL-USD	+0.0050%	1h	339.94	−0.028%	$76K	$3K	10x	as long as short
Ondo Perps AAPL-USD.P	+0.0050%	1h	339.77	−0.078%	$1.3M	$2.3M	20x	as long as short
KuCoin AAPLUSDTM	+0.0100%	8h	339.73	−0.090%	$1.4M	$93K	20x	as long as short
ApeX Omni AAPLUSDT	+0.0100%	1h	339.84	−0.057%	$949K	$11.0M	50x	as long as short
Orderly PERP_AAPL_USDC_mythos	+0.0100%	8h	339.89	−0.043%	$4K	—	10x	as long as short
Aevo AAPL-PERP	+0.0104%	1h	339.87	−0.049%	$11K	$102	10x	as long as short
Deribit AAPL_USDC-PERPETUAL	+0.0191%	1h	339.91	−0.037%	$28K	$70K	10x	as long as short
Phoenix AAPL	+0.0212%	1h	340.08	+0.013%	$5K	$12K	20x	as long as short
Injective AAPL/USDC PERP	+0.0220%	1h	340.37	+0.099%	$192K	$44K	30x	as long as short